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(Querist)
19 September 2009 supplier balnace is oustanding since long so we written off account now supplier wants money so whats accounting treatment we shoud pas its urgent ( amount in lakhs )
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
19 September 2009 You have to debit to prior period expenses. with detailed narration.

Prior period expenses
To bank.

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